SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 15, 2003

Metawave Communications Corporation
(Exact name of Registrant as specified in its charter)


Delaware	0-24673	91-1673152
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

15231 NE 95th Street
Redmond, WA 98052
(Address of principal executive offices)(zip code)

(425) 702-5600
(Registrant's telephone number, including area code)

Item 5. Other Events and Regulation FD Disclosure

Metawave Communications Corporation, a Delaware corporation (“Metawave Communications”), has filed its monthly operating report for the month of August 2003 (the “Monthly Report”) with the United States Bankruptcy Court for the Western District of Washington in Case No. 03-11272, portions of which are attached hereto as Exhibit 99.1. The Monthly Report was filed pursuant to Rule 2015 under the United States Bankruptcy Code, in connection with Metawave Communication’s voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code.

The Company cautions readers not to place undue reliance upon the information contained in the Monthly Report. The Monthly Report contains information that has not been audited or reviewed by independent accountants, is limited in scope, covers a limited time period and is in a format prescribed by the applicable bankruptcy laws, which does not represent financial information in accordance with generally accepted accounting principles. There can be no assurance that the Monthly Report is complete. Opening amounts on the UST-12, Comparative Balance Sheet were established as estimated recoverable values and estimated claims payable at the time of the Company's bankruptcy filing (January 31, 2003). The Monthly Report also contains information for periods different from those contained in the Company's reports pursuant to the Securities Exchange Act of 1934, as amended. The Company undertakes no obligation to update or revise the Monthly Report.

Item 7. Financial Statements and Exhibits


	(c) Exhibits. 99.1 Monthly Bankruptcy Report for the month of August 2003.

SIGNATURES

Pursuant to the requirements of the Securities Exchange act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.


	METAWAVE COMMUNICATIONS CORPORATION (Registrant)

Date: September 19, 2003	By: /s/ Randy Scheer Randy Scheer Vice President of Finance


	INDEX TO EXHIBITS
Exhibit Number	Description
99.1	Monthly Bankruptcy Report for the month of August 2003.

Exhibit 99.1

Metawave Communications Corporation
UST-12, Comparative Balance Sheet
Case Number 03-11272


						July 31, 2003	August 31, 2003
ASSETS
	Current Assets
		Cash				2,575,017	3,911.95
		Accounts Receivable (net)				21,700	22,000

		Other Current Assets
			Inventory			10,000	10,000
			Insurance Recovery Receivable			557,027	557,027
			Other Receivables			156,381	475,913
			Prepaid Insurance			49,300	14,284
			Prepaid Legal Expenses			-	-
		Total Other Current Assets				772,708	1,057,224
	Total Current Assets					3,369,424	4,990,419
		Fixed Assets
		Equipment				30,000	-
		Patents				1,040,000	-
	Total Fixed Assets					1,070,000	-
	Other Assets
		Rent Deposits				6,800	6,800
TOTAL ASSETS						4,923,862	4,446,224

LIABILITIES AND EQUITY
	Liabilities
		Post-Petition Liabilities
			Accounts Payable
				Post - Accounts Payable		6,957	4,403
				Post - Accrued Legal Expense		206,426	331,071
				Post - Deferred Revenue		-	-
				Post - Employee Benefits		634	-
				Post - Payroll & Bonus Payable		35,084	6,771
				Post - Taxes Payable		5,663	-
		Total Post-Petition Liabilities				249,101	342,245

		Pre-Petition Liabilities
				Unsecured Debt		1,471,494	1,471,494
				Priority Debt
					Employee Benefits	2,667	2,667
					Taxes	586,471	586,471
					Wages	61,060	61,060
				Priority Debt		650,198	650,198
				Secured Debt		472,027	472,027
		Total Pre-Petition Liabilities				2,593,719	2,593,719
	Total Liabilities					2,842,820	2,935,964

	Equity
		Preferred				20,000,074	20,000,074
		Capital Stock				340,460,278	340,460,278
		Opening Bal Equity				(358,856,948)	(358,339,097)
	Total Equity					1,603,404	2,061,255
TOTAL LIABILITIES AND EQUITY						4,446,224	4,997,219

Metawave Communications Corporation
UST-13, Comparative Income Statement
Case Number 03-11272


	July 2003	August 2003
Sales	-	-
Cost of Goods Sold	-	-
Gross Profit	-	-
Other Operating Expenses
Officers' Salaries	59,198	104,621
Other Salaries	20,944	32,430
Employee Benefits/Payroll Taxes	5,414	8,799
Insurance	-	-
Rent	9,011	8,876
General and Administrative	125,740	138,388
Total Other Operating Expenses	220,306	293,114
Net Operating Loss	(220,306)	(293,114)
Other Income	850	1,057
Gain on Sale of Assets	90	749,907
Net Income(Loss)	(219,365)	457,851

METAWAVE COMMUNICATIONS CORP 8-K